SWISSPORT - Audited Results Year Ended 31 Dec 2013

SWISSPORT - Audited Financial Results for the Year Ended 31 December 2013

Commentary

The Board of Directors of Swissport Tanzania Limited is pleased to announce the audited financial results for the year ended 31st December, 2013. During the year, total operating revenue grew by 19% to TAS 36,115 million as compared to 2012. This was mainly due to increase in flights handled by 13%. On the other hand, operating profit for the year was TAS 11,387 million representing a 17% increase when compared to year 2012. This is attributed to increase in operating revenue and cost control.

Construction of a new warehouse

The construction of a new warehouse started towards the end of last year and it is expected to be completed by end of 2014. This state-of-the-art facility will accommodate the expected growth of cargo business at JNIA and improved services to our customers.

Dividends to shareholders

The Board is delighted to announce the final dividend of TAS 3,179M or TAS 88.31 per issued and fully paid share. An interim dividend of TAS 2,818M or TAS 78.29 per issued and fully paid share was paid in November 2013 making the total dividend for the year to be TAS 5,997M or TAS 166.58 per issued and paid up share (2012: TAS 5,378M or TAS 149.39 per share). Pursuant to this declaration, the share register will be closed on 7 May 2014 and the last day of trading cum dividend shall be on 5 May 2014. The final dividend will be paid out on or about 26 May 2014.

Future outlook

We remain committed to ensuring sustainability of our company. The company foresees slight increase in number of flights and volume of cargo in year 2014. Several strategies and plans have been put in place to face future challenges including the planned further liberation of the ground handling market. Generally we are optimistic that the Company’s performance in 2014 will be good.